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HI SB2979
Bill
AI Summary
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Amends Hawaii Revised Statutes Section 514B-143(d) to restrict condominium boards from requiring unit owners to pay insurance deductibles for common element damage unless those owners caused the damage or the damage originated from their units.
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Removes the board's authority under option (3) to require affected unit owners to pay deductibles for common element claims, adding a proviso that protects innocent owners from bearing deductible costs.
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Applies retroactively to any damage to common elements occurring on or after the effective date of the Act.
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Takes effect on July 1, 2014.
Legislative Description
Condominiums; Common Elements Damage; Deductible
Last Action
The committee on CPN deferred the measure.
2/11/2014
Committee Referrals
Commerce and Consumer Protection1/23/2014
Full Bill Text
No bill text available